We expect this vertical integration in the plastics division to ensure a stable and consistentsupply of feedstock, hence providing low-cost advantages in the long run.
Companies continue to increase the number of suppliers in their supply chain, consistent with the trend of product companies moving towards becoming brand owners and shedding captive manufacturing capacity.
Preliminary CPI figures out of Germany were consistent with forecast levels of 0.1%, but the euro area M3 money supply figures showed a surprise drop with a reading of negative 0.2%.